In August 2024, Singlife partnered Ryde to address the protection gap faced by passengers using ride-hailing services. This partnership redefines ride-sharing safety and provides protection across different insurance services for both riders and driver-partners.

“Connecting with the Passengers”
Why is there a need to protect the passengers?

In 2023, Singapore recorded 131 fatal traffic accidents, a significant increase from 104 in 2022. Ensuring passenger safety not only builds trust in ride-hailing services, but also helps promote a safer transportation environment for all road users.

Additionally, enhanced safety protocols and emergency response systems are essential to address the unique challenges posed by the dynamic nature of ride-hailing services.

Connecting to an Idea

Through the partnership, Singlife and Ryde jointly made ride-sharing protection more accessible and affordable for Ryde’s passengers by offering complimentary coverage. Additionally, passengers requiring emergency assistance receive S$20 in credits. By integrating these comprehensive insurance services into the ride-sharing experience, Singlife ensures that passengers are well-protected without incurring extra costs, thereby enhancing overall safety and peace of mind.

“What is being offered?”

Singlife Ride Cover pays

• S$15,000 per passenger in the event of a road accident resulting in death.
• up to S$15,000 to opt-in passenger in the event of a road accident resulting in total and permanent disabilities.
• up to S$1,000 to opt-in passenger in the event of a road accident for accident-related injuries.

Ryde will provide S$20 in RydeCoins for passengers who require emergency assistance due to an accident.

Connecting for their Financial Freedom

Singlife’s initiative to provide complimentary ride-sharing protection significantly contributes to achieving financial freedom by alleviating the financial burden of unexpected accidents and emergencies.

Singlife ensures that passengers are financially protected without incurring additional costs. This initiative allows individuals to allocate their savings towards other financial goals, thereby enhancing their overall financial stability and freedom.